Comparative Quarterly Sales Report

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Comparative Quarterly Sales Report

Canada NewsWire

Hempco Food and Fiber Inc. Symbol: TSX.V – HEMP

VANCOUVER, July 6, 2017 /CNW/ - Hempco Food and Fiber Inc. (TSXV: HEMP) ("Hempco®") is pleased to announce its monthly sales (value shipped) report. For the current year bulk and retail sales to date have pushed through last year's total of $5.2m and are greater than $5.7m* shipped, with more than $300k* already enroute during the month of July 2017. Estimated Gross Sales for August 31, 2017 fiscal yearend is approximately $6.5m* with an overall growth rate of approximately 25%/yr or more, for the third year in a row. (These reports will now be following quarterly financials)

Hempco Food and Fiber Inc. (CNW Group/Hempco Food and Fiber Inc.)

The following is a summary of approximate monthly bulk and retail sales (*=unaudited):

Bulk hemp foods sales and PLANETHEMP brand retail products sales (* = unaudited)


Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Total

Bulk
2015/2016

$279K

$434K

$249K

$209K

$183K

$540K

$415K

$632K

$949K

$809K

$351K

$190K

$5.24m

Bulk
2016/2017

$1.m*

$870k*

$223k*

$777k*

$1.1m*

$173k*

$245k*

$84k*

$157k*

$600k*



$5.6m*

Retail
2016/2017

$1k*

$5k*

$5k*

$37k*

$3k*

$10k*

$22k*

$6k*

$6k*

$9k*



$115K*

Fiscal year end August 31

$6 M* Sales for 10 Months of 2017 Fiscal Year

The sales and growth presented above are much lower that what was previously projected by Hempco® distributors in EU, Canada and Korea. "Hempco® has had to re-calculate and set more conservative and realistic goals and has implemented an extensive and intensive bulk products and PLANETHEMP CPG retail sales strategic plan to overcome packaging issues and distributor non-performance challenges. Hempco® has 4 new hires for bulk and retail sales and many new leads and Purchase Orders are flowing in. The Hempco® $9M sales contract with its Korean Distributor ends August 31, 2017 and will complete just over 50% of its target. Both parties are doing everything they can to regain the 30% market share once held in Korea, in the midst of a price war," says CEO Charles Holmes. "There are several new distributors from EU, Australia, Canada, USA, Mexico and China expressing keen interest in the PLANETHEMP CPG retail line and Hempco® will continue to forge ahead to land our premier hemp food products into affluent and health-interested markets around the world." PLANETHEMP products may be purchased online at: https://www.amazon.co.uk, www.planethemp.co.uk and https://www.boroughbox.com and are available in over 70 stores in Canada and 90 stores in the UK.

Ask for PLANETHEMP at Your Favorite Natural Products Store Section

http://planethemp.ca/store-locator/ www.planethemp.ca   watch video  

About Hempco

Hempco® and the Holmes family is a trusted and respected pioneer, innovator and provider of premier hemp seed foods for 17 years. Hempco® is committed to a triple bottom line – People, Planet, Profits and to capitalizing on the amazing hemp plant as a: hemp foods, hemp fiber and hemp functional food / nutraceuticals, "tri-crop" opportunity for producers and processors. Hempco® has grown its business significantly and is generating value and profits for shareholders. 

Watch our information videos.

http://www.b-tv.com/hempco-commercial
http://www.b-tv.com/hempco-food-and-fiber-ceo-clip/ 
http://www.bnn.ca/video/hemp-fights-back-after-century-in-the-shadows~1012386
https://investorintel.com
10 Reasons to Invest in Hempco

We seek Safe Harbor.

ON BEHALF OF THE BOARD

"Charles Holmes"                 

Charles Holmes
Chief Executive Officer
HEMPCO FOOD AND FIBER INC.
charles@hempcocanada.com 
604-317-3879

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements in this press release regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties.  Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties such as the risk that the closing may not occur for any reason.  Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as the decision of the TSXV to reject any grant of options or any person to act as investor relation service providers. Except as required by law, the Company does not intend to update any changes to such statements.

SOURCE Hempco Food and Fiber Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/July2017/06/c8730.html

Copyright CNW Group 2017

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